Euro Weekly and Daily range
The euro was a lot stronger than expected based on Thursday's price action, as it didn't provide an ideal set-up to trade the breakout, or get onto the breakout using 2nd support.
currently trading around the Weekly highs.
There is a breakout of Thursday's highs, which should continue up into Friday's highs.
However, the Weekly highs could stop that from happening today.
no probability pattern for Friday.
AUD Weekly and 5-day pattern
Swing back towards 1.0007 failed to continue higher.
What I needed to see was the first 12 hour pattern breakout, as the 2nd 12 hour pattern had a change in cycle forming resistance around the daily highs and also the January 50% level.
no probability for Friday
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
